ICRA Management Consulting Services (IMaCS) addresses key Power Sector issues at India Energy Forum

-IMaCS and IEF collaborate to launch report on ‘Sustainability of Power Business - Paradigm Shift for 24x7 Power for All’

ICRA Management Consulting Services Limited (IMaCS), a leading Management Consulting and Analytics firm, participated as the Knowledge Partner at the India Energy Forum (IEF), held  in New Delhi. Celebrating its 20th anniversary, the event was aptly themed as Sustainability of Power Business – Paradigm Shift for 24x7 Power for All.

Speaking at the event, Mr. Sanjeev Sinha, MD & CEO – IMaCS, said, “Uninterrupted and quality power supply is a precursor to economic development for any country. I am delighted to associate with IEF to launch the IMaCS report ‘Sustainability of Power Business - Paradigm Shift for 24x7 Power for All’. This report aims to elucidate on factors affecting sustainability of power business due to impact of the “power for all” initiative. The power sector in India has been steadily scripting a turnaround story with new milestones being achieved. It is moving towards a power surplus position, compared to the 7-8% deficit situation in the past. India’s generation capacity has grown over 10% in last six years, and the share of renewables in the power generation mix is likely to increase much beyond the current rate of 17%. However, there are certain challenges that the industry faces, which need to be addressed and overcome, to realize our vision of 24x7 Power for all.”